Capri (NYSE:CPRI) Director Sells $349,191.02 in Stock

Capri Holdings Limited (NYSE:CPRI) Director Stephen Reitman sold 17,981 shares of the business’s stock in a transaction dated Monday, June 8th. The stock was sold at an average price of $19.42, for a total transaction of $349,191.02. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink.

Capri Trading Up 5.1%

NYSE:CPRI traded up $0.98 on Tuesday, reaching $20.36. 748,631 shares of the company’s stock were exchanged, compared to its average volume of 3,124,442. The company has a quick ratio of 0.60, a current ratio of 1.21 and a debt-to-equity ratio of 4.08. The firm has a market capitalization of $2.35 billion, a price-to-earnings ratio of 17.88, a price-to-earnings-growth ratio of 0.35 and a beta of 1.40. The business has a fifty day moving average of $18.86 and a 200-day moving average of $21.37. Capri Holdings Limited has a 52-week low of $16.22 and a 52-week high of $28.26.

Capri (NYSE:CPRI) last issued its quarterly earnings results on Wednesday, May 27th. The company reported $0.22 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.11 by $0.11. The company had revenue of $796.00 million for the quarter, compared to analyst estimates of $800.04 million. Capri had a net margin of 3.94% and a return on equity of 664.22%. The business’s revenue for the quarter was down 23.1% compared to the same quarter last year. During the same period in the prior year, the firm earned ($4.90) earnings per share. Capri has set its FY 2027 guidance at 2.150-2.150 EPS and its Q1 2027 guidance at 0.400-0.400 EPS. As a group, analysts expect that Capri Holdings Limited will post 2.05 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several analysts recently weighed in on the stock. Wells Fargo & Company reduced their target price on shares of Capri from $21.00 to $20.00 and set an “equal weight” rating on the stock in a report on Thursday, May 28th. Weiss Ratings raised Capri from a “sell (e+)” rating to a “sell (d)” rating in a research report on Thursday, May 28th. Barclays lowered their price objective on Capri from $32.00 to $24.00 and set an “overweight” rating for the company in a research report on Wednesday, April 8th. BTIG Research reaffirmed a “buy” rating and set a $30.00 price objective on shares of Capri in a research report on Thursday, May 28th. Finally, JPMorgan Chase & Co. dropped their price target on shares of Capri from $31.00 to $29.00 and set an “overweight” rating on the stock in a research note on Thursday, May 28th. One research analyst has rated the stock with a Strong Buy rating, six have given a Buy rating, eight have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $24.79.

Hedge Funds Weigh In On Capri

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. Vanguard Group Inc. grew its position in Capri by 1.0% in the 4th quarter. Vanguard Group Inc. now owns 11,701,832 shares of the company’s stock valued at $285,525,000 after buying an additional 121,209 shares during the last quarter. State Street Corp lifted its holdings in Capri by 19.3% in the second quarter. State Street Corp now owns 4,479,231 shares of the company’s stock valued at $79,282,000 after acquiring an additional 724,967 shares during the period. Segall Bryant & Hamill LLC lifted its holdings in Capri by 92.6% in the first quarter. Segall Bryant & Hamill LLC now owns 2,734,735 shares of the company’s stock valued at $48,186,000 after acquiring an additional 1,314,611 shares during the period. Arrowstreet Capital Limited Partnership acquired a new stake in shares of Capri in the 4th quarter worth approximately $53,759,000. Finally, Dimensional Fund Advisors LP grew its holdings in shares of Capri by 34.7% in the 1st quarter. Dimensional Fund Advisors LP now owns 2,165,618 shares of the company’s stock worth $38,154,000 after acquiring an additional 557,955 shares during the period. 84.34% of the stock is currently owned by hedge funds and other institutional investors.

Capri Company Profile

Capri Holdings Limited (NYSE: CPRI) is a global luxury fashion company that designs, markets and distributes a range of premium lifestyle products. The company’s principal brands—Michael Kors, Versace and Jimmy Choo—offer handbags, ready-to-wear apparel, footwear, watches, jewelry, fragrance and other accessories. Capri Holdings combines in-house design talent with international sourcing, manufacturing and retail operations to deliver collections that reflect each brand’s distinct heritage and aesthetic vision.

Formed in 2018 through the rebranding of Michael Kors Holdings following the acquisition of Versace, Capri has since integrated Jimmy Choo into its portfolio.